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Cars and Transportation
Reply to "0% Financing for 84 Months"
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[quote=Anonymous][quote=Anonymous]It means you will be paying off your car for 7 years assuming you qualify. Buy a car you can afford and pay off comfortably in 3-4 years.[/quote] This was the advice I was given AFTER the fact when I bought my first car over 20 years ago. I have a 5 year plan but my payments were around $200 a month which is affordable. If you can afford to pay more per month in order to pay the car off faster than do it. Get a used car in good condition if money is a factor. Cars instantly lose value as soon as you drive it off the lot. You could literally buy the car and drive it to Car Max that same day and Car Max will devalue the car around $5-10K. It's crazy! Remember to factor in the insurance money and your insurance payments might go up as well as registration depending on your state and the age of your last car. It is definitely not a decision to be rushed into. [/quote]
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